Can I retire at age 66 with 1,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$148,642$147,318$146,027$144,766$143,535$138,497
2 years$73,585$72,215$70,887$69,599$68,350$63,327
3 years$48,570$47,193$45,868$44,593$43,364$38,514
4 years$36,064$34,692$33,380$32,127$30,928$26,288
5 years$28,563$27,199$25,905$24,676$23,511$19,094
6 years$23,564$22,210$20,935$19,734$18,603$14,412
7 years$19,994$18,652$17,397$16,224$15,129$11,163
8 years$17,318$15,988$14,754$13,610$12,551$8,806
9 years$15,238$13,921$12,708$11,593$10,570$7,042
10 years$13,575$12,270$11,079$9,993$9,006$5,689
11 years$12,215$10,924$9,754$8,697$7,746$4,632
12 years$11,083$9,804$8,656$7,628$6,712$3,795
13 years$10,125$8,860$7,734$6,735$5,853$3,125
14 years$9,305$8,054$6,949$5,978$5,131$2,584
15 years$8,595$7,357$6,274$5,332$4,518$2,143
16 years$7,975$6,750$5,688$4,774$3,993$1,782
17 years$7,428$6,217$5,176$4,289$3,540$1,485
18 years$6,942$5,744$4,725$3,866$3,148$1,240
19 years$6,508$5,324$4,325$3,493$2,806$1,037
20 years$6,118$4,947$3,970$3,163$2,506$868
21 years$5,765$4,608$3,651$2,871$2,243$728
22 years$5,445$4,302$3,365$2,610$2,010$610
23 years$5,153$4,023$3,107$2,377$1,804$512
24 years$4,886$3,769$2,874$2,168$1,622$430
25 years$4,641$3,537$2,662$1,980$1,459$361
26 years$4,415$3,325$2,468$1,811$1,315$304
27 years$4,206$3,129$2,292$1,657$1,185$255
28 years$4,012$2,948$2,131$1,518$1,069$215
29 years$3,832$2,781$1,983$1,392$966$181
30 years$3,664$2,627$1,847$1,278$873$152
31 years$3,507$2,483$1,722$1,174$789$128
32 years$3,361$2,350$1,607$1,079$714$108
33 years$3,224$2,225$1,500$992$646$91
34 years$3,095$2,109$1,402$913$585$76
35 years$2,973$2,000$1,310$840$530$64
36 years$2,859$1,898$1,226$774$480$54
37 years$2,751$1,803$1,147$713$435$46
38 years$2,649$1,714$1,074$657$394$38
39 years$2,552$1,629$1,007$606$358$32
40 years$2,461$1,550$944$559$324$27
41 years$2,374$1,476$885$516$294$23
42 years$2,292$1,405$830$476$267$19
43 years$2,213$1,339$779$439$242$16
44 years$2,139$1,276$731$406$220$14
45 years$2,068$1,217$686$375$200$12
46 years$2,000$1,161$645$346$181$10
47 years$1,935$1,108$606$320$165$8
48 years$1,873$1,058$569$295$149$7
49 years$1,814$1,010$535$273$136$6
50 years$1,757$965$503$252$123$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,800,000, adding $3,119 every year, while hoping to spend $49,021 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 38/35/27 Blend
65$1,800,000$1,800,000$1,800,000$1,800,000
66$1,986,817$1,891,417$1,863,517$2,046,230
67$2,137,315$1,931,939$1,873,787$2,130,592
68$2,301,520$1,972,803$1,882,758$2,216,968
69$2,480,779$2,013,974$1,890,335$2,309,375
70$2,676,575$2,055,415$1,896,417$2,408,392
71$2,890,539$2,097,084$1,900,900$2,514,658
72$3,124,466$2,138,934$1,903,673$2,628,878
73$3,380,337$2,180,916$1,904,621$2,751,829
74$3,660,326$2,222,977$1,903,621$2,884,370
75$3,966,834$2,265,057$1,900,547$3,027,447
76$4,302,499$2,307,093$1,895,264$3,182,106
77$4,670,231$2,349,017$1,887,631$3,349,501
78$5,073,231$2,390,755$1,877,503$3,530,905
79$5,515,025$2,432,227$1,864,725$3,727,722
80$5,999,499$2,473,348$1,849,134$3,941,502
81$6,530,931$2,514,024$1,830,563$4,173,956
82$7,114,032$2,554,158$1,808,833$4,426,972
83$7,753,993$2,593,642$1,783,759$4,702,631
84$8,456,532$2,632,361$1,755,147$5,003,234
85$9,227,946$2,670,195$1,722,792$5,331,314
86$10,075,173$2,707,011$1,686,482$5,689,670
87$11,005,856$2,742,670$1,645,994$6,081,389
88$12,028,413$2,777,020$1,601,095$6,509,877
89$13,152,119$2,809,903$1,551,540$6,978,890
90$14,387,194$2,841,146$1,497,074$7,492,573
91$15,744,893$2,870,567$1,437,431$8,055,500
92$17,237,618$2,897,972$1,372,332$8,672,714
93$18,879,034$2,923,151$1,301,484$9,349,780
94$20,684,195$2,945,885$1,224,583$10,092,836
95$22,669,686$2,965,937$1,141,310$10,908,652
96$24,853,782$2,983,056$1,051,332$11,804,696
97$27,256,618$2,996,975$954,301$12,789,204
98$29,900,376$3,007,410$849,854$13,871,260
99$32,809,501$3,014,060$737,610$15,060,885
100$36,010,924$3,016,602$617,174$16,369,127